BMO lifts Enbridge target as secured project backlog grows; firm keeps Market Perform
BMO Capital has raised its 12-month price objective on Enbridge Inc. to Cdn$75 from Cdn$70 but retained a Market Perform rating, citing improved project economics and a growing secured backlog. The company reported stronger-than-expected fourth-quarter fiscal 2025 results and maintains a long history of outward cash returns to shareholders. Other b…